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MEED Events

MEED Events. REPUBLIC OF IRAQ Ministry Of Construction & Housing. Iraq Finance 2012 London 18-19 September. REPUBLIC OF IRAQ Ministry Of Construction & Housing. Duties and responsibilities. Housing units Public Buildings Roads and Bridges State owned companies / contracting

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MEED Events

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  1. MEED Events REPUBLIC OF IRAQ Ministry Of Construction & Housing Iraq Finance 2012 London 18-19 September

  2. REPUBLIC OF IRAQ Ministry Of Construction & Housing Duties and responsibilities • Housing units • Public Buildings • Roads and Bridges • State owned companies / contracting • Design & Consultancy Centres • Laboratories and Research Centres

  3. P. Sector Companies P. Resources Private sector Funds Investment commission Ministries Housing Fund Housing Providers Loans S.O.E Budget Government REPUBLIC OF IRAQ Ministry Of Construction & Housing MOCH Other Organisations Banks Local governments

  4. 7000 units for MoCH staff Oil contracts Budget Investment Low cost Housing 50000-60000 units 2 Billion$ REPUBLIC OF IRAQ Ministry Of Construction & Housing Housing Project 2012 – 2015 10 new projects Every year (Ave.600units each ) 2 Billion $ 61 continuous Projects Total Cost 3 Billion $

  5. Maintenance 20 100Milion $ New 800 KM 3.8 Billion $ Maintenance 1200 KM 1.065Billion $ Maintenance 1600 KM 400Milion $ New 97 1.1Billion $ New 4510 KM 2.06Billion $ New 75 130Milion $ Roads Weigh Bridges Bridges REPUBLIC OF IRAQ Ministry Of Construction & Housing Road and bridge projects 2012 – 2015 Express way

  6. 1200 KM Express way No.1 to be maintained 508 KM New Express way 392 KM To connect cities Investment Opportunity For Silk Road REPUBLIC OF IRAQ Ministry Of Construction & Housing Bacetka Olay - Turkish border length of 43 km Nineveh - Bacetka Olay - a length of 64 km Kirkuk - Nineveh - a length of 174 km Samarra - Kirkuk - a length of 133 km BAGHDAD - Samarra - a length of 94 km

  7. REPUBLIC OF IRAQ Ministry Of Construction & Housing HOUSING FUND • Capital of 300M$ • ( to be increased to 1 Billion $ by 2016(Housing Fund Legislation 2011)) • 1- 50% Mortgage system • Max. of $30,000 • New construction or Extensions only • Management fees of 2% • Repayment period of 25 year

  8. REPUBLIC OF IRAQ Ministry Of Construction & Housing HOUSING FUND • 2- 50% investment in Housing project • Housing projects only: • up to 50% of project value • Finance start after 25% of work program • Partnership (% of profit) • Risk assessment

  9. REPUBLIC OF IRAQ Ministry Of Construction & Housing TWO WAY Partnership with Housing Fund - Private sector to use Housing Fund money in Housing projects - Private sector to invest their money in Housing Fund (increase investment capital).

  10. P M Office & W. B. MoCH companies P.P.P Evaluation Super Business Opportunity REPUBLIC OF IRAQ Ministry Of Construction & Housing Public Private Partnership High Tech. Machine & Factories Gov. support Land & Loc. L. Mark. H. Res

  11. State Owned Companies REPUBLIC OF IRAQ Ministry Of Construction & Housing ( Al Fao ) • Building • Roads ( Ashor - Hamoraby) • Bridges ( Al Mutasim) • Infrastructure ( Al Farooq ) • Construction Material prod. (Al Rasheed) • Property Development (Al Mansor ) ( Saad ) • Oil upstream services

  12. REPUBLIC OF IRAQ Ministry Of Construction & Housing What S.O.E Offer ? • Government support • Assets (land and machineries) • Local market knowledge • Human resources S.O.E needs: • Upgrade, expand, and rehabilitate production facilities • Introduce new products • Develop sales and marketing skills • Build capabilities to assess market needs, develop pricing strategy... • Upgrade technical and R&D capabilities • Resize labour force and introduce systematic training • Improve quality control systems • Introduce modern accounting processes and systems

  13. REPUBLIC OF IRAQ Ministry Of Construction & Housing Partnership Methodologies: • Legislation No. 22 1997 • Public 51% min • Private 49% max • Governmental companies law applies • Legislation No. 21 1997 • Public 24% max • Private 76% min • Private companies law applies

  14. REPUBLIC OF IRAQ Ministry Of Construction & Housing Pilot SOE McKinsey & com. findings Annual Con. Output

  15. 0 % CAGR Iraq’s 2010 GDP is expected to double in 2013 Iraq GDP (IMF) US$ billions Nominal dollars 26.7% 144 115 81 2010 2011 2012 2013 Source: IMF

  16. REPUBLIC OF IRAQ Ministry Of Construction & Housing Potential partner will provide: • Technology • (New precast factors) • Technical Knowledge • (Improve marketing abilities) • Operational System • (Finance, management) • Capital investing • (Production lines and equipments) Potential Partner wishes a trouble free company: - No loans - No financial commitments (loans ,bounds guarantees) - No legal disputes - No masked Unemployment

  17. REPUBLIC OF IRAQ Ministry Of Construction & Housing MOCH Financial and Operational Needs • MOCH as the rest of public bodies, lack many elements; • Online banking • Overseas Transactions • Proper Payroll System • Cash machines • Cost/ Benefit Analysis • Economical appraisal on grants and salaries • Financial Planning

  18. REPUBLIC OF IRAQ Ministry Of Construction & Housing Possible Economical Models - Direct Investment - Partnership (Housing Fund/ S.O.C) - Deferred payment (Grace Period) - Oil Investment Contract P.P.P Your questions and suggestions

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